Advertisement

Also

Share

* Hoping to gain a foothold in one of the fastest-growing Internet markets, online auctioneer EBay Inc. has bought a 33% stake in Chinese auction site EachNet for $30 million.

* Ericsson, the world’s biggest phone-equipment maker, is being investigated by Swedish police over how it booked $242 million paid to foreign consultants.

* Japanese electronics makers Hitachi and Mitsubishi Electric Corp. plan to combine part of their computer chip operations under a single brand to boost profitability.

Advertisement
Advertisement